STRATEGY & RISKS. Skills. Mindset. Knowledge 16 & 17 OCT 2017 I KUALA LUMPUR ABOUT CORPORATE DIRECTORS ADVANCED PROGRAMME (CDAP) 2017

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1 16 & 17 OCT 2017 I KUALA LUMPUR ABOUT CORPORATE DIRECTORS ADVANCED PROGRAMME (CDAP) 2017 STRATEGY & RISKS This programme will provide the necessary knowledge and skills for the Company Directors to be able to provide inputs, make sound judgment and critical probing questions on matters related to company s strategy and risk oversight. The objective of this two day programme is to persuade boards of the need to take a good look at the way they manage their risks and suggest a framework and a clear set of actions which will greatly improve their effectiveness. The unifying theme is what we call inverse risk logic which helps the board focus on what really matters and make sure those matters (which we call critical vulnerabilities ) are truly well managed. This will not only assure you of a more successful organisation, but hopefully, also, a better night s sleep. PROGRAMME FRAMEWORK To suit the needs of Directors, the programme is specially designed with the inclusion of the following: Strategic planning and the business model The meaning of risk Inverse risk logic, viability and risk appetite Strategic Risk Governance Strategic Initiatives Strategic Operational Risks WHO WILL YOU MEET Chairpersons Non-executive directors Executive directors WHY YOU SHOULD BE WITH US Strategy Development and Monitoring: Required to assist with better understanding of the organisation s business model and strategy, the link between strategy and financial performance; how to assess the key vulnerabilities in the strategic plan and ensure there are the right contingencies in place in case things do not go according to plan. Risk Oversight: Understanding the board s role in not only identifying the critical vulnerabilities but also in satisfying itself as to their effective management within the board s specified risk appetite. The issues of people risk and the dangers of micro-management are covered here. Knowledge What a Director knows Skills What a Director can do Mindset What a Director believes FROM THE FOLLOWING ORGANISATION TYPE Listed companies Private Corporations Large family companies Government Non-profit organisations and agencies LEARNING PHILOSOPHY MINDA s Learning Philosophy focuses on the Learner, i.e. the Learners experiences and needs that they want to bring back to the Boardroom. Our Unique Learning Value Proposition (Figure 1) not only focuses on Knowledge and Skills, but also on Mindset Learning. Onboarding methodology involves facilitated learning through active interactions, dynamic discussions and the use of case studies. Figure 1 1

2 LEAD FACULTY DR DAVID BOBKER Dr David Bobker is Associate Professor in Risk Management and Director of the Centre For Economics and Risk at the Malaysia University of Science and Technology where he is leading initiatives to enhance research and teaching in these areas and the development of software applications for risk analysis, stress testing and econometric analysis. Prior to July 2014 he was Head of Risk at the Asian Institute of Finance in Kuala Lumpur. He developed the Risk Management Module of Bank Negara's Financial Institution Directors Education (FIDE) programme in 2009 and 2010, delivering 2 day training to board members of most of Malaysia's bank and insurance companies and moved to Malaysia in In his past career David has worked as a senior audit manager and consultant with KPMG and Deloitte, he was Group Head of Internal Audit of Alliance & Leicester and Norwich Union, both FTSE 100 financial institutions, and he was a supervisor and policy maker at the UK Building Societies Commission (now part of the FSA). David holds a DPhil in mathematics from Oxford University, he is a UK (ICAEW) Chartered Accountant and holds the GARP FRM qualification. ABOUT MALAYSIAN DIRECTORS ACADEMY (MINDA) MINDA is an independent organisation dedicated to Enhancing Board Effectiveness by equipping Directors with the world-class knowledge, skills and mindset required to perform to a consistently high standard. MINDA s strategy to achieve this is by assisting Boards in focusing on their fundamental roles and responsibilities such as strategy setting, corporate performance management, development of future leaders and human capital, risk management, innovation and creativity. MINDA is now the equivalent of institute of directors (IOD) worldwide and provide the following to fellow directors in Malaysia: Professional Learning & Development Research and Advocacy Professional Membership Director and Board Assessments Director Sourcing and Board Placement PROGRAMME FEE Non-Member s Rate: RM3,180 per participant (GST Inclusive) MINDA Professional Membership: Associate Category: 10% Off Member Category: 15% Off HRDF Claimable Skim Bantuan Latihan (SBL) Employers who are registered with Pembangunan Sumber Manusia Berhad (PSMB) are eligible to claim for reimbursement from HRDF. *Please notify MINDA at least 1 month in advance if you wish to make such claim. 2

3 PROGRAMME AGENDA Day 1 08:30 09:00 09:00 10:30 10:30 11:00 11:00 13:00 13:00 14:00 14:00 15:30 15:30 16:00 16:00 17:00 17:00 Registration SESSION 1: INTRODUCTION What is risk? What is the board's role? A survey of the major cases Relevant hard and soft skills CASE STUDY: The demise of Kodak. How did the company fail to embrace the digital revolution? Coffee Break & Networking Session SESSION 2: INVERSE RISK LOGIC Overview of the framework Initial phase define non-viability and catastrophe Understand the business, define the scenarios Determination of likelihood of catastrophe Risk appetite and capital EXERCISE: Risk analysing a business spotting the potential killers Networking Lunch SESSION 3: BUSINESS PLANNING AND RISK Business strategy blue and red oceans Understanding the business model Tea Break & Networking Session SESSION 3: BUSINESS PLANNING AND RISK (cont.) Financial models Stressing the assumptions of success ROLE PLAY: Broadband Electronic half the group will be executives presenting their business proposal to the other half who will subject it to their rigorous scrutiny End of Day 1 3

4 PROGRAMME AGENDA Day 2 08:30 09:00 09:00 10:30 10:30 11:00 11:00 13:00 13:00 14:00 14:00 15:30 15:30 16:00 16:00 17:00 17: 00 Registration SESSION 4: RISK GOVERNANCE AND CONTROL Authority and accountability Three lines of defence Management risk Risk reporting and monitoring Coffee Break & Networking Session SESSION 4: RISK GOVERNANCE AND CONTROL (cont.) The second line of defence The role of internal audit ROLE PLAY: Meet the Press. Half the group will be journalists who will be questioning the other half who will be the board of directors. Always a lively session. Networking Lunch SESSION 5: FINANCIAL AND OPERATIONAL RISKS Financial risks - market, credit, liquidity Operational risks Tea Break & Networking Session SESSION 5: FINANCIAL AND OPERATIONAL RISKS (cont.) Risk culture Communication channels as a crucial control CASE STUDY: BP s Texas City Refinery explosion. Overdoing cost control and taking an eye off the safety ball led to disaster. Submission of Evaluation Form Certificate Presentation End of Programme 4

5 PROGRAMME : CORPORATE DIRECTORS ADVANCED PROGRAMME (CDAP) 2017: STRATEGY & RISKS DATE : 16 & 17 OCT 2017 (MONDAY & TUESDAY) VENUE : PULLMAN KUALA LUMPUR BANGSAR PROGRAMME FEE : NON-MEMBER S RATE: RM3,180 PER PARTICIPANT (GST INCLUSIVE) MINDA PROFESSIONAL MEMBERSHIP : ASSOCIATE CATEGORY: 10% OFF MEMBER CATEGORY: 15% OFF *HRDF claimable Please notify MINDA at least 1 month in advance if you wish to make such claim. Terms & Conditions Programme Fees Fee includes programme materials, training package and halal meals. Payment Upon registration, participant(s) are considered successfully enrolled in the event. Full payment is required prior to attending the programme. All cheques / bank drafts must be made payable to Malaysian Directors Academy (MINDA). Cancellation Policy Cancellation Charges - if written cancellation notice is received as below: > ten (10) working days before the event: no charges. < ten (10) working days before the event: 50% of the programme fee will be charged. < five (5) working days before the event: 100% of the programme fee will be charged. You can substitute an alternate participant(s) if you wish to avoid cancellation charges. Any difference in fee will be charged accordingly. Disclaimer MINDA reserves the right to amend the programme, dates, facilitators and / or terms as it deems necessary. MINDA reserves the right to make alternative arrangements without prior notice should it be necessary to do so. Upon signing the registration form, you are deemed to have read and accepted the terms and conditions. When providing us with any personal data, you will comply at all times with the Personal Data Protection Act 2010 (PDPA) and will not in any way cause MINDA to breach any of its obligations under the PDPA. Online Registration Only Go to Select Sign Up as Director or Sign Up as Aspiring Director and follow the account registration instruction. (just one time only) Complete the required details (personal, board experience and functional experience) until the profile completion meter is at 100% (just one time only). Kindly ensure the provided information is latest and accurate as it will be used by the facilitators to prepare their programme delivery as well as contributing to the periodical directors statistical reporting to regulatory authorities. This section can be updated from time to time by registered users. Go to Training tab, select the desired programme and click Register. Fill in the required details and click submit. A programme registration acknowledgement will be sent to the registered . An invoice will be issued within 2 working days based on the provided Billing Info during the programme registration process. Inquiries Please contact Ms. Simren / Mr Khabir / Mr Fendi / Ms. Shahida / Mr. Zafril / Ms. Diana Tel: or info@minda.com.my

6 PROGRAMME : CORPORATE DIRECTORS ADVANCED PROGRAMME (CDAP) 2017: STRATEGY & RISKS DATE : 16 & 17 OCT 2017 (MONDAY & TUESDAY) VENUE : PULLMAN KUALA LUMPUR BANGSAR PROGRAMME FEE : NON-MEMBER S RATE: RM3,180 PER PARTICIPANT (GST INCLUSIVE) MINDA PROFESSIONAL MEMBERSHIP : ASSOCIATE CATEGORY: 10% OFF MEMBER CATEGORY: 15% OFF *HRDF claimable Please notify MINDA at least 1 month in advance if you wish to make such claim. A. Participant s Details Salutation Full Name Organisation Designation Address PA s Name PA s Contact No PA s Fax No PA s I hereby register and accept the terms and conditions Signature and Organisation Stamp